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Systematic Errors in Cost Estimates for Public Investment Projects

In: The Analysis of Public Output

Author

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  • Maynard M. Hufschmidt
  • Jacques Gerin

Abstract

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Suggested Citation

  • Maynard M. Hufschmidt & Jacques Gerin, 1970. "Systematic Errors in Cost Estimates for Public Investment Projects," NBER Chapters,in: The Analysis of Public Output, pages 267-315 National Bureau of Economic Research, Inc.
  • Handle: RePEc:nbr:nberch:3357
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    References listed on IDEAS

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    1. Nash, John, 1953. "Two-Person Cooperative Games," Econometrica, Econometric Society, vol. 21(1), pages 128-140, April.
    2. Jerome Rothenberg, 1960. "Non-Convexity, Aggregation, and Pareto Optimality," Journal of Political Economy, University of Chicago Press, vol. 68, pages 435-435.
    3. Nash, John, 1950. "The Bargaining Problem," Econometrica, Econometric Society, vol. 18(2), pages 155-162, April.
    4. Anthony Downs, 1957. "An Economic Theory of Political Action in a Democracy," Journal of Political Economy, University of Chicago Press, vol. 65, pages 135-135.
    5. Starr, Ross M, 1969. "Quasi-Equilibria in Markets with Non-Convex Preferences," Econometrica, Econometric Society, vol. 37(1), pages 25-38, January.
    6. Tibor Scitovsky, 1954. "Two Concepts of External Economies," Journal of Political Economy, University of Chicago Press, vol. 62, pages 143-143.
    7. M. J. Farrell, 1959. "The Convexity Assumption in the Theory of Competitive Markets," Journal of Political Economy, University of Chicago Press, vol. 67, pages 377-377.
    8. Carl Kaysen, 1949. "Basing Point Pricing and Public Policy," The Quarterly Journal of Economics, Oxford University Press, vol. 63(3), pages 289-314.
    9. F. H. Knight, 1924. "Some Fallacies in the Interpretation of Social Cost," The Quarterly Journal of Economics, Oxford University Press, vol. 38(4), pages 582-606.
    10. L. S. Shapley & Martin Shubik, 1967. "Ownership and the Production Function," The Quarterly Journal of Economics, Oxford University Press, pages 88-111.
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    Cited by:

    1. Ansar, Atif & Flyvbjerg, Bent & Budzier, Alexander & Lunn, Daniel, 2014. "Should we build more large dams? The actual costs of hydropower megaproject development," Energy Policy, Elsevier, vol. 69(C), pages 43-56.
    2. Flyvbjerg, Bent & Holm, Mette Skamris & Buhl, Søren, 2006. "Underestimating Costs in Public Works Projects: Error or Lie?," University of California Transportation Center, Working Papers qt98r01936, University of California Transportation Center.

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